* Included in Asking Price
Confectionary, Drinks, Sweets, Crisps Janitorial, Catering Suppliers
Location : Manchester
Asking Price : £50,000
Asking price: O.I.R.O. £50,000 plus stock at valuation
Asking price includes:
Well-established company trading more than 55 years
Current turnover circa £497,000 per annum
Gross Profits circa £86,000 per annum
Small fleet of vehicles/equipment circa £10,000
Circa 60 regular commercial customers
Ideal leasehold premises
All fixtures and fittings
Excellent supply partners
Training and handover
This very well established business has been trading successfully for well over 55 years in the area and specialises in the stocking and supply of a broad range of confectionary, sweets, drinks, crisps, janitorial, catering and disposable products to trade customers operating mostly within the education sector. Their client list is extensive as you would expect from a business of such maturity and the business can boast a customer base that comprises a regular base of some 60 active clients with no over reliance on any one customer.
Typical clients include colleges, primary and secondary schools and to a lesser extent retail outlets, sandwich shops, public houses and corner shops! The business can cater for any sized enterprise and as such offers a huge range of goods at extremely competitive prices.
The business has long established supply agreements in place and is a member of several buying groups which gives it a competitive edge.
The company has an incredibly good reputation in the area and beyond. The business is very service driven and is regarded very much at the top of the market for both stock-holding, quality of products and delivery.
The business is ideally located to serve its market and it has many customers, both on a local and regional level. The business prides itself on its speed of response and proactive sales and servicing approach ensuring clients always carry adequate stock of mission critical items.
|Facilities:||The business operates from ideal premises that are very accessible for deliveries. It has ample parking and a secure yard. Ground floor is circa 3,500 square feet. Current rent is circa £700/month.|
|Competition:||The business has never really felt the need to advertise the business. Most of its work within the education sector has come through referrals and recommendations.
As already mentioned the business currently has no website and would benefit greatly from an online presence.|
|Growth Potential:||With more target marketing the business could easily acquire an even larger slice of the market and further exploit the full commercial potential of the business. The education sector is buoyant and the business is ideally positioned to take full advantage of this. The company could expand its range of products still further as clients are always requesting further products and services from the company.
The business could comfortably support additional growth from these premises. We are advised the premises could service sales of circa £1Million p.a. It could also benefit from more of a direct sales approach through online sales and marketing.|
|Training/Support:||The vendor is more than happy to provide a comprehensive handover to ensure continuity of trading and a seamless transition. This should be a relatively simple process as the business has key employees in place.|
|Sale Reason:||The vendor is planning his exit strategy and also has other business interests.|
Seller Reference #AE054
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